There are a number of technical tools that can be used to ascertain trends, such as Donchian channels, the Williams %R oscillator andMovingAverage Convergence-Divergence, often referred to simply as MACD.
While the market could continue to rise the indicators that show short-term overbought conditions such as the RSI (Relative Strength Index) and the MACD (Moving AverageConvergenceDivergence) are both solidly in overbought territory.